201 I-30 Mount Vernon, TX 75457
Rooted: Lester's Plant Market presents a unique investment opportunity in Mount Vernon, Texas. This established nursery, operating for over 30 years, boasts a prime location on I-30, offering high visibility and convenient access for customers. The 1,400 square foot main building sits on a 1.83-acre lot, zoned commercial, and includes eight buildings in total. Built in 1998, the property features a strong NOI of $155,032, resulting in a compelling 23.85% cap rate, and an asking price of $650,000 ($464.29/sq ft). The business benefits from a large, loyal customer base drawn from a wide radius. An attractive add-on is the option to lease a second location in nearby Winnsboro, Texas, for $1,500 per month. This secondary location, currently generating significant revenue, offers further expansion potential in a high-demand market for trees, sod, and stone. Current inventory and equipment are available for separate purchase, providing a turnkey operation. This presents a rare opportunity to acquire a thriving, established business with significant growth potential in a rapidly developing area of Northeast Texas. The property's strategic location and strong financial performance make it an exceptional value-add investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.